Completion of GIP-100 Buyback Programme
We are pleased to provide a final update on the GIP-100 Buyback Programme. The programme initiated to transfer value to long-term GNO holders, establish a valuation floor above book value, and attract attention to the DAO’s products and community by enhancing GNO’s investment appeal, has now been completed. See our Dune Dashboard here.
Summary of fully executed buybacks:
- $15m TWAP over 6 months.
- $15m Buyback at KPK Discretion
- The average price of execution has been $227 per GNO
Breakdown by Chain & Asset:
- 64% was executed on Gnosis Chain, 33% on Ethereum and 3% OTC.
- Assets used to complete the programme:
- 5,500 ETH was utilised for TWAPs and swaps (56% of total buybacks).
- 7 million SAFE tokens were sold using TWAPs (29% of total buybacks).
- 3.65 million USDC was used for TWAPs (12% of total buybacks).
- 820,000 USDC was used for OTC deals (3% of total buybacks).
Final Considerations
Throughout the buyback process, we have closely monitored market conditions, ensuring that purchases were made efficiently to minimise volatility and maximise long-term impact. With this, the buyback programme has been fully completed. We appreciate the community’s trust and engagement throughout this initiative and look forward to continued collaboration on strategies that strengthen GnosisDAO and the Gnosis ecosystem.
If you have any questions or insights, feel free to share them in the discussion thread. Thank you for your ongoing support!